Over the past year we have seen a ‘lockdown pet boom’ with a lot of people taking on a cat or dog – and many doing so for the first time.
Figures suggest almost a fifth of Brits added a pooch to the family in lockdown. Others have taken on cats, fish, rabbits and birds.
A number of factors have contributed to this ‘baby boom’ in animal ownership. These include the increased need for companionship due to the reduction in human contact, and the fact we have more time to devote to a pet now that we are working from home.
But if you have taken on an animal since lockdown began in March last year, it’s really important to ensure you comprehend the amount of care and attention that your four-legged friend needs.
As well as things like food, brushes, litter trays, leads and other equipment, you also need to give some thought to pet insurance. This is especially important if you’re a first time dog or owner, and haven’t had to think about pet cover previously.
Here we take a closer look.
Pet cover is designed to cover unexpected illnesses and accidents.
Having a policy in place will give you the peace of mind of knowing that if your furry family member has an accident or falls ill, you will be covered for the cost of bills and treatment.
Vet prices will vary, depending on location. But as many a pet-owner will testify, vet bills can be very costly.
According to non-profit veterinary company, Animal Trust, an X-ray could cost nearly £300, a fracture repair could cost between £800 and £1,500, while a total hip replacement could set you back almost £5,000.
In the event of a serious accident or illness, bills can easily run into five figures.
Without cover, you could find yourself facing an eye-watering bill. This could cause worries about whether or not you can afford the treatment your animal needs. Comprehensive pet cover will remove this worry.
As well as offering cover for unexpected illness and accidents, pet insurance should also offer cover for a number of other features.
These may include kennel and cattery fees (should your pet need to stay for recovery), third party liability, advertising and recovery costs, and cover for loss.
Losing a pet can be heart-breaking in any circumstance. But cover for ‘pet loss’ is especially important right now given the rising number of dog thefts.
Generally speaking, policies do not cover for routine check-ups and treatments, such as vaccinations, neutering, microchipping, nail clipping and grooming.
Pet insurance also doesn’t cover pre-existing treatments, preventative treatments or behavioural problems.
You could expect to pay around £20 a month for pet insurance – perhaps a little less for cover for a cat.
Equally, the exact price you pay will depend on a number of factors, including type of animal, the breed, how old it is, and its health.
As with any insurance product, the best approach is to shop around to find the right deal for your needs at the right price. You can compare deals here.
Here are some of our ‘top picks’ currently available via MoneySuperMarket:
If you’re thinking about switching pet insurance policy, you need to tread carefully – and check which conditions the new insurer will and won’t cover.
Most insurers won’t cover pre-existing conditions for new customers. Some won’t cover animals over a certain age. Be sure to read the T&Cs, as you don’t want to risk your beloved pet going without protection.
Recent research from MoneySuperMarket found the UK’s dogs are costing their owners more than £1.7 billion a year in household damage,* with further research revealing Brits are spending an average of £164 per dog on putting things right.**
*Based on 10.1million UK dog owners (PDSA Animal Wellbeing Report 2020, https://www.pdsa.org.uk/media/10509/20039_pdsa-paw-report-2020_7-10_press_3_online-5.pdf) x £164 (average cost of annual damage caused by dogs)
**All data based on polling by One Poll between 18/09/2020 and 30/09/2020